Cable & Wireless avoids Footsie ejection

Telecoms firm Cable & Wireless tonight looked set to have survived demotion from the FTSE 100 Index despite its value plunging by £500m this year.

Despite the rapid rise in the valuations of mining firms Lonmin and Vedanta Resources, it is likely that there will be no changes in the Footsie for the first time in a decade when membership comes under review.